2merkato

The Ethiopian Coffee and Tea Authority (ECTA) announced that May saw a significant surge in coffee exports, with over 43,481 tons shipped and a revenue of USD 209.54 million. This surpasses targets and represents the highest volume and revenue for a single month in the past three years.

A survey involving the drilling of 19 wells in the Ogaden region confirmed the presence of 21.336 billion cubic meters of natural gas. This latest discovery adds to Ethiopia's existing oil and natural gas deposits found in six locations across the country.

The Council of Ministers has proposed a draft amendment to the National Bank of Ethiopia (NBE) to address limitations in the current legislation. The amendment aims to support development initiatives, promote national prosperity, and align with evolving international financial practices.

The International Civil Aviation Organization (ICAO) confirms the Ethiopia's airports are free from security threats. This announcement follows a rigorous security audit conducted by ICAO.

A new digital vehicle fleet management system for trucks was inaugurated today on the Addis Ababa-Djibouti corridor, marking a major advancement in trade between Ethiopia and Djibouti.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 13 June 2024.

In a move designed to bolster the security and stability of the Ethiopian financial sector, the National Bank of Ethiopia (NBE) announced a series of revisions to its regulatory framework. Accordingly, it revised five of its directives.

Minister of Industry Ato Melaku Alebel reported a 10.1% growth in the sector over the past ten months. In a performance review presented to Prime Minister Abiy Ahmed this growth surge is attributed in large part to the Ethiopia Tamrit Movement, a program focused on promoting domestic production and reducing reliance on imports.

The Ethiopian Investment Commission (EIC) and Gada Special Economic Zone (SEZ) signed a Memorandum of Understanding (MoU) today, facilitating the project's official launch.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 12 June 2024.